Artificial intelligence (AI) is no longer just a buzzword. The revolutionary technology underpins a boom in various industries, laying fertile ground for AI stocks. AI remains an innovative force driving transformative changes, from voice and facial recognition to fraud detection and pattern recognition. A recent report from McKinsey on generative AI presents an eye-opening picture
Now is a great time to accumulate top undervalued biotech stocks. For one, the sector is recession-proof. That’s because we can’t stop people from aging, or from seeking healthcare needs. Two, we have an aging population demanding better treatment options. Three, with all the demand, analysts say the global biotech market could be worth about $3.44
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Asset management giant Fidelity Investments is again trying to launch a spot bitcoin ETF, according to a Thursday filing. The move comes two weeks after BlackRock filed for spot bitcoin ETF, which has long been opposed by the
Recession, interest rates, employment, and the housing market – American consumers are weighing the futures of all these topics. Apprehension has led to a fallback in spending. A June survey released by CNBC and Morning Consult found that 92% of Americans are pulling back their spending due to inflation and growing concerns about an economic
In this article OXY FREY WFC JOBY MU Follow your favorite stocksCREATE FREE ACCOUNT An employee scans an order in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Ken James | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Freyr — Freyr Battery surged 18%
As if the AI mania weren’t hot enough already… On this past Wednesday, June 28, the world’s largest asset manager – BlackRock (BLK) – threw its full weight behind the AI trend. It called artificial intelligence a “mega force” that will be “a big driver of returns.” BlackRock has about $10 trillion in assets under
Normally investors are advised to “buy the rumor, sell the news.” However, there are times when buying the news can be a smart play. A good example is emerging as it relates to high-potential stocks in the financial technology (fintech sector). As part of the Fiscal Responsibility Act that put an end to the debt
Are you in search of tech stocks with long-term investment potential? The year 2023 has witnessed a remarkable resurgence in the tech sector, following a sluggish performance in 2022. As of June 28, the Technology Select Sector SPDR ETF (NYSEARCA:XLK) is up 37.80%, handily outpacing the S&P 500, with its year-to-date returns of 14.04%. As
Cathie Wood, the visionary investor and founder of ARK Invest, focuses on disruptive companies at the forefront of innovation. With a keen eye for growth potential and an unwavering belief in transformative technologies, Wood has identified stocks that can reshape and lead industries and deliver substantial returns. This article delves into three of Cathie Wood’s current top-growth
A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company’s initial public offering in New York, U.S., on Aug. 11, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Joby Aviation — Joby shares gained
Psychedelic stocks have a bright future with 13.5% compound annual growth expected through 2029. That growth will certainly draw in investment funding that seeks to capitalize on growth, as psychedelic drugs quickly become a hot topic in the mental health space. Consumers are increasingly interested in mental health and overall awareness is increasing. Mental health
Defying skeptics, i.e., the bears and the lion’s share of economists, the tech-heavy Nasdaq Composite was up a huge 29% so far in 2023 as of the afternoon of June 27. But this is not the second half of 2020. In other words, the vast majority of tech stocks aren’t soaring. Instead, this is a true “stock-picker’s
A lot of once high-flying growth stocks have fallen on hard times. Many of the companies that thrived during the pandemic have been left out of the current market recovery and look unlikely to regain their former glory. A lot of these stocks are tied to unprofitable start-ups or companies whose services worked well when
Penny stocks are known for their low price, which can make them highly sensitive to any bit of news surrounding the stock. One thing that investors frequently look for when considering which penny stocks to sell is to look at investor sentiment. Specifically, are insiders selling the stock. One motto of Peter Lynch, the
Despite facing challenges over the past six months, Rivian Automotive (NASDAQ:RIVN) is experiencing a potential turnaround. The electric vehicle producer is on the brink of a significant acquisition, which has positively impacted RIVN stock. Although the financial specifics of the deal are undisclosed, this development arrives at an opportune moment. Despite recent setbacks, Rivian’s performance
Generally speaking, financial advisors will often direct you to reliable enterprises though, for certain folks, high-growth stocks may make more sense. That’s particularly true if you’re part of the younger crowd. Here, with time as an advantage, growth investing becomes quite intriguing. Indeed, to achieve a robust retirement, carefully researched high-growth stocks for young investors
The global shift towards electric vehicles (or EVs) isn’t slowing down. But that’s hardly a reason to roll the dice with overhyped EV stocks. Plenty of companies stand to benefit from the vehicle electrification trend. Others, not so much. If successful in their respective “EV pivots,” incumbent automakers like Ford (NYSE:F) could become more profitable,
With private equity firms showing interest in the cybersecurity sector through acquisitions, now could be an opportune time to invest in cybersecurity stocks. Despite experiencing dips during market downturns, these stocks have maintained a strong growth trajectory. As the market turns bullish again, these companies should benefit. Investing in cybersecurity stocks is a logical choice
Among the most-followed names in the electric vehicle space, admittedly Rivian Automotive (NASDAQ:RIVN) is in a much better place compared to most of its early-stage EV maker peers. This has likely played a role in mitigating price declines for RIVN stock. Although shares have declined in price by around 51% over the past twelve months,
Artificial intelligence has been the talk of the town over the past few months, setting AI stocks on fire. Many mega-cap companies have joined the fray, investing billions in advancing the next-generation iterations of AI technology. Thus, whether we’re talking pure-play AI stocks, or companies making strategic pivots into this area, it’s clear that investors